This episode explores the investment landscape and fundamentals of car wash assets with Edward Otocka of NNN Pro Group.

The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate.

In this episode, Crexi's Ashley Kobovitch sits with Edward to discuss all things car wash, including asset class fundamentals, current transaction activity, and what broader macroeconomic factors mean for the NNN sector. Their wide-ranging conversation includes:

Introductions, early career path, and key mentors
The importance of maintaining a beginner’s mindset and the discipline of daily habits as a broker
Favorite transactions and what made these deals unique
The fundamentals of the car wash sector and what potential investors need to know to find a good deal
Important trends and changes in the net-lease car wash space over the last 5-10 years and what to watch moving forward.
Car wash performance across Class A vs. Class B and different markets and shifts in deal velocity
A 30,000-foot overview of the car wash sector today amid macroeconomic factors, differences among markets, and other variables
Rapid fire questions and sign-offs
And much more!

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For show notes, past guests, and more CRE content, please check out Crexi Insights.

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About Edward Otocka:

Edward Otocka is a Senior Managing Director, Private Equity Specialist with the NNN Pro Group, one of the top-performing net-lease brokerage teams in the country. Eddie joined the NNN Pro Group in 2011 and works in the Institutional Coverage Group. His expertise is in sale-leaseback, build-to-suit, and structured equity debt transactions on behalf of private equity funds, national retail, industrial, and medical tenants, REITs, and net lease funds.

Eddie has closed over $6.0 billion in transactions during his career, including over $3.0 billion over the last four years.

Before working with the NNN Pro Group, Eddie began his professional career in the Sales and Trading departments at UBS AG and Credit Suisse. He is a Franklin & Marshall College graduate and resides in Duxbury, Massachusetts, with his wife and two daughters.

If you enjoyed this episode, please subscribe to our newsletter and enjoy the next podcast delivered straight to your inbox.

For show notes, past guests, and more CRE content, please check out Crexi’s blog.

Ready to find your next CRE property? Visit Crexi and immediately browse 500,000+ available commercial properties for sale and lease.